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  Business   Economy  25 Sep 2017  RBI has been intervening to stem rupee's appreciation: CEA

RBI has been intervening to stem rupee's appreciation: CEA

REUTERS
Published : Sep 25, 2017, 2:06 pm IST
Updated : Sep 25, 2017, 2:06 pm IST

Subramanian said there was a 'big' appreciation of the rupee between January and April.

RBI has been intervening to stem the rupee’s appreciation, Chief Economic Adviser Arvind Subramanian said on Monday.
 RBI has been intervening to stem the rupee’s appreciation, Chief Economic Adviser Arvind Subramanian said on Monday.

New Delhi: The Reserve Bank of India has been intervening to stem the rupee’s appreciation, Chief Economic Adviser Arvind Subramanian said on Monday.

Subramanian said there was a “big” appreciation of the rupee between January and April which had adversely impacted Indian exports and the country’s import-competing sectors.

Tags: dr arvind subramanian, chief economic advisor, reserve bank of india (rbi), indian rupee
Location: India, Maharashtra, Mumbai (Bombay)